China might be doubling and tripling down on its wide array of crypto bans, but it would be a huge mistake to conclude that the country is falling behind rivals in the race for crypto adoption. During an episode of the What bitcoin Did podcast, macro economist Lyn Alden took a closer look at how the East Asian regime is using crypto to its advantage. East of Eden? While decentralized crypto and CBDCs might seem worlds apart, Alden noted that China had come far ahead of its Western rivals in researching and then testing its own “programmable money.” Regarding the…